Gift of Lifetime for grandchild

A Gift of a Lifetime: Give your Grandchild a gift that provides tax-FREE income

Your grandchild could have a Wealth Reserve^TM  providing tax-FREE income. 
Your monthly gift could provide your grandchild with real "social security:" their own tax-FREE money. You take advantage of the miracle of compounding. Your gift of $100 a month for 10 years becomes a tax-FREE $1,000,000 Wealth Reserve^TM  over time. You could reduce your taxable estate for each grandchild too. 
Your grandchild will NEVER have to pay taxes on the money either. Social Security will exhaust its funds in about 2033, so start today with $100 a month.

http://www.amazon.com/Give-your-Grandchild-000-Lifetime/dp/1456433105

Cuban revolution is over! Taxes begin 

Most Cubans have not paid taxes for half a century, but that will change under a new code starting January 1. The landmark regulations will change the relations of Cubans with their government and are a signal that market-oriented reforms, launched since President Raul Castro succeeded his brother, Fidel Castro, in 2008, are here to stay. The recently published code constitutes the first comprehensive taxation in Cuba since the 1959 revolution abolished just about all taxes. We have an alternative--create a retirement that is income tax-FREE: http://www.barnesandnoble.com/w/tax-free-retirement-law-steeple/1113460121

Study shows that financial analysts know less than you do about financial future

Value investor and author James Montier found that:

In the US, the average 24-month forecast error for individual stocks is 93%, and the average 12-month forecast error is 47% over the period 2001-2006. The data for Europe are no less disconcerting. The average 24-month forecast error is 95%, and the average 12-month forecast error is 43%. To put it mildly, analysts don’t have a clue about future earnings. You are better off using low-cost index funds than paying advisors that know less than you do about value—and you save 40% long term: http://www.amazon.com/Do-Yourself-Personal-Finance-commissions/dp/1480156493

Is it time to take charge of your future?

Your Retirement Mutual Funds: 10 mutual funds to make sure your retirement income last as long as you!

Your investment plan assures you of income AND growth.

Your spending plan assures you of income for life.

Your Wealth Reserve^TM  provides TAX-FREE income for life.

Your tax-advantaged mutual funds grow at 10-12% per year.

Start today! Every year you delay costs you $100,000 later

Ten diversified mutual funds assure us of retirement income AND inflation-busting growth we can't outlive.

http://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026

Insurers caught overcharging … again!

Massachusetts motorcycle owners will receive more than $2.8 million in insurance refunds as a result of settlements with two insurance companies that allegedly overcharged thousands of policyholders. Shopping for new coverage is the only way to tell you are overcharged $400-$500:http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Are you liable if your holiday party guest has accident?

According to some experts, you could be sued for having alcohol at your holiday party. Even if it is not your alcohol that causes an accident, as host, you may be liable for making it available, offering it in your home anytime before the guests leave, or even when others bring it and consume it without your knowledge. Options: no alcohol, serving ends 1 hour before anyone leaves, arrange for alternative transport, move party to restaurant or someone else’s home. The same can be true of food poisoning. Consider lawsuit insurance: http://www.amazon.com/Lawsuit-Insurance-need-right-policy/dp/1480061123

NJ Christie vetoes health care exchanges

N.J. Gov. Christie Vetoes State-Run Health Exchange Bill. He blames Obama for not being more specific.

SCAMS           “Only the little people pay taxes.” Leona Helmsley

Our tax subsidy to college football?

College football programs require you to make a donation in order to buy some tickets. Then ticket purchasers can write off 80 percent of the value of the mandatory donations against their taxes, which costs the federal treasury $100 million a year. http://www.nonprofitquarterly.org/policysocial-context/21269-is-tax-incentive-for-college-football-season-ticket-holders-fair.html

Is this the Afgan freedom we are helping restore?

A 14-year-old Afghan girl was beheaded by two men, one of whom apparently asked her to marry him. She turned him down. 

How insurers rig the property claim process against you!
Read this report so you understand how insurance companies try to cheat you:http://www.consumerfed.org/pdfs/Studies.ComputerClaims06-04-12.pdf

Who owns your account now?

Zecco Securities to TradeKing

Woodbury Financial Services to American International Group

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Buy security--NOT insurance for children

Many parents and grandparents want to help secure the future for their offspring. Life insurance is NOT the way to do it.

Since 1976, the best way to provide a financial basis for the next generation is a stock index mutual fund contribution. An index fund does not produce a large tax bill but assures your child of beating 88% of all similar funds over the long term. BusinessWeek 11/03. Start with $2000. The child can take over making contributions when they get a job. By age 30, they will have $100,000 (inflation-adjusted) and by age 66, $2 million—now that’s SECURITY. Here is the only financial plan they need: http://www.saferchild.org/power.htm

As you can see, your child will have even more cash available for life than any life insurance policy can provide. Childhood mortality is very rare today so children are more likely to run out of money than die. No matter what happens to social security or pension plans in the future, your child can take care of themselves. At age 67 they can spend inflation-adjusted $100,000 a year in retirement. It is all due to compounding market rates of return on contributions you made from birth.

How do you get this plan started? Use our FREE guide to set it up in 1 hour: http://www.theinsidersguides.com/freeguide.html. Children can start their own TAX-FREE Roth IRA as soon as they begin earning money—age 22 or earlier. Their part of this plan provides tax-free earnings so these amounts are more valuable than a pension plan which is taxable.

Depending on how and when you set up your part of their plan, they could have enough money for a down payment for their first home, for disability, for education funding or medical emergencies.

Investing is about TIME not about picking the right fund. This plan may earn 10% per year on average since it is based upon investing in stock market returns. Your $2,000 contributions, starting at birth, make it more likely that these estimates will be quite accurate. Even if you start late, investing $16,000 before your child hits age 20 will give them a running start to build the Wealth Reserve they will need in life not death.

Do it for them so they can learn how to become independent.

Make Your Grandchild Wealthy With $1000

Make Your Grandchild Wealthy With $1000:
A Grandparent’s Guide to Making your Grandchild a Millionaire

In the decades ahead, as a result of mortality and inheritance, an estimated $20 trillion will be passed to the next generation.

How can we provide for our grandchildren in the best way?

1. We can provide a way for our grandchildren to grow into controlling money so they know how to benefit from it.
2. We want to avoid taxes for ourselves and them as much as possible.

The Best

Invest early and often. This is the most important advice every grandparent has for the younger generation. Those who are lucky or wise enough to follow this advice turn out to have a happier life by any measure. You may not be able to convince your loved ones of this common sense. Even some of our best schools now understand that this lesson needs to be taught to all, early, just like sex education. Speaking to individuals about their money is the last taboo our society has yet to confront. Unlike sex education, our culture has to make a commitment to make this education universal.

Until it does, you may be able to actually make this happen for your grandchildren as your legacy.

$1,000, invested at birth can be worth about $1,233,274 at age 65. $3,000 at birth can get them about $3,699,823. $5,000 can become about $6,166,372. That is worth about a $1,000,000 in today’s purchasing power.

How cool would it be if you made it possible for them to not have to worry about their retirement? Social Security? You don’t know what the future will bring. You DO know they have a lot of time before retirement. You have the ability to help them get a jump on things. They get a head start on their way to a comfortable life.

If you started them out early, they will have already seen the power of compounding by the time of their first job. Compounding can turn that $1,000 or $5,000 into their lifetime security fund. They can start their Roth IRA or company Roth IRA and know how to earn 12% on their money. Some mutual funds holding stocks have earned 12% historically. At their job, they can contribute $3,000 a year ($120,000) and have another $1million tax-FREE to assure them of long-term care if they need it.

One advisor said: “Obviously, starting early for grandchildren might make all the difference for the next generation. This might become a financial legacy that the present generation can give to the younger generation without leaving assets in a will. But for you and me, the hard fact is that it is TIME and not anything else that we can currently change, that makes compounding work. Look at what a single gift of $1,000 at birth can do for a child.”


Baby's Birth $1000
Age 10 $3,000
age20 $10,893
age 25 $19,788
age 30 $35,950
age 65 $2,347,857

“WOW! That is amazing. Even if they start investing later in life, they can’t make up the time by putting in a little more money, or following advice to ‘buy low, sell high’ or to ‘pick winners and let them ride’?”

Another way to look at this Gift of a Lifetime is that your $5,000 investment before age 5 could allow your grandchild to have what I call a “Wealth Reserve.” They would have a Wealth Reserve of about $50,000 by age 22. That would allow them to start a home, business or go to graduate school if they like. You have the peace of mind of knowing that you have provided the financial foundation for their entire life. If they don’t spend it right away, they can avoid interest expenses when they buy things on time and have enough to insure their retirement needs.

A Wealth Reserve can help your loved one “self-insure” their insurance needs. They can buy insurance and other financial services for less because they have a reserve that covers the high deductibles of insurance policies. They insure for the catastrophic risks like businesses do. They pay less in premiums and fees because they have the reserves to cover the smaller expenses.

In the past, parents and grandparents purchased small insurance policies on their loved ones in the mistaken belief that an insurance policy provides for their financial foundation or guarantee of their future insurability. Neither of these beliefs is true. Sometime in the past these solutions may have been useful to young poor families but not lately.

Child mortality was high when you grew up. Insurers came to collect pennies each week from your parents to pay for a $1,000 or $5,000 death benefit. These small policies provide little benefit when they might be used some 85 years later. I recently cashed mine in for a couple of hundred dollars. Even cremations cost more than the total death benefit today.

Today, almost any child will be insurable by the age they need to have life insurance to protect those who depend on them for financial security. There is no benefit to purchasing a policy at birth to maintain insurability, as some carriers contend. When your grandchild gets married and needs insurance to protect their family, they will need a lot more coverage than the best of the child policies. Also, many employers now provide life insurance, even if your grandchild has a medical condition that would require a higher premium for coverage. The employer’s group rate takes this into account since employees do not obtain full underwriting.

Wouldn’t it be better to provide a Wealth Reserve of about $36,000 at age 18 for your grandchild’s college expense? If they are not interested in college, the $50,000 at age 22 would help them start a business or buy a home or at age 65, provide a pre-paid retirement.

The best part: You don't have to be wealthy to act wealthy. Give $1000 today. We show you how to start.

Find more about The Gift of a Lifetime at
http://www.theinsidersguides.com/gigiofli.html